The reality is sobering: The average 401 (k) balance of a Gen Xer is about $190,000, while the average balance for Boomers ...
It could be doable, but a lot depends on the rest of your financial plan.
Survey data shows how retirement savings differ by age, including how many Americans have accounts and how much they’ve saved. See how you compare to others your age.
Many people can do quite well retiring with a million dollars -- but not everyone.
Separating facts from fiction is an important first step toward building a retirement plan that's grounded in reality and not based on incorrect assumptions.